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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities      
Net income $ 20,095 $ 18,402 $ 14,949
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 2,531 2,307 1,711
Amortization of premiums on available-for-sale securities, net 1,289 822 957
Amortization of servicing rights 1,031 487 364
Amortization of core deposit intangible 720 727 167
Amortization of customer list intangible 16    
Net amortization (accretion) of fair value adjustments 455 (1,379) 6
Stock-based compensation expense 1,024 1,088 745
Director stock awards 48    
Deferred income taxes (1,691) 292 471
Provision for loan losses 6,981 1,138 324
Gain on sale of loans held for sale (4,022) (677) (757)
Originations of loans held for sale (210,029) (73,562) (51,807)
Proceeds from sale of loans held for sale 210,559 68,579 51,381
Loss on sale of other assets owned 7 81 44
(Gain) loss on sales of available-for-sale securities (270) 26 9
Increase in cash surrender value of bank owned life insurance (359) (351) (361)
Gain on bank owned life insurance (430)    
Change in other assets and other liabilities, net (573) 5,951 (7,466)
Net cash provided by operating activities 27,382 23,931 10,737
Activity in available-for-sale securities:      
Maturities, prepayments and calls 91,003 67,071 29,691
Sales 11,843 11,100 10,081
Purchases (183,563) (110,166) (13,866)
Activity in other securities, at cost:      
Sales   237  
Purchases (129) (21)  
Purchase of bank owned life insurance (10,000)    
Proceeds from bank owned life insurance 816    
Change in interest-bearing time deposits (344) (290) (1)
Proceeds from sales of other assets owned 226 564 120
Additions to premises and equipment (3,222) (3,510) (2,628)
Loan originations and principal collections, net (84,354) (112,212) (21,926)
Acquisition of Limberlost, net of cash received   (2,089)  
Net cash provided by (used in) investing activities (177,724) (149,316) 1,471
Cash Flows from Financing Activities      
Net change in deposits 307,648 153,088 9,450
Net change in federal funds purchased and securities sold under agreements to repurchase (17,834) 15,892 (7,314)
Repayment of FHLB advances (7,493) (23,938) (5,000)
Purchase of treasury stock (383) (381) (490)
Cash dividends paid on common stock (7,186) (6,345) (4,956)
Net cash provided by (used in) financing activities 274,752 138,316 (8,310)
Net Increase in Cash and Cash Equivalents 124,410 12,931 3,898
Cash and Cash Equivalents - Beginning of Year 51,296 38,365 34,467
Cash and Cash Equivalents - End of Year 175,706 51,296 38,365
Supplemental cash flow information:      
Interest paid 10,093 13,540 6,472
Income taxes paid 6,473 3,954 5,155
Supplemental noncash disclosures:      
Transfer of loans to other real estate owned 71 287 68
Cash dividends declared not paid 1,889 1,768 $ 1,379
Limberlost Bancshares, Inc. [Member]      
Supplemental noncash disclosures:      
Fair value of assets acquired 825 336,380  
Less: common stock issued $ 825 70,437  
Cash paid for the capital stock   8,465  
Liabilities assumed   $ 257,478